Real estate prices continue to fluctuate in Utah after reaching all-time highs in May of last year. Back then, the median home price in Salt Lake County approached $600,000.
Prices have come down and continue to hover right around $500,000, which is still an expensive proposition for first-time home buyers who are dealing with historically high prices plus interest rates at or above 6 percent."Ever since I graduated college, I've been renting ever since," said Nate Paul."And I've recently decided that I kind of want to, you know, build some equity for myself.
Paul feels like buyers can make the process easy or difficult, and he believes he made it fairly easy on himself. Others, however, could use some help with navigating the maze of becoming a home buyer. "Talk to me, talk to the lender and just put your puzzle piece together and see what it looks like for you," said Buresh.
Buresh added that buyers should not worry about interest rates, but that's easier said than done because they really do affect how much a house payment will be and how much house a buyer afford.
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